Topic: Is bitcoin being used for illegal activities - page 80. (Read 139758 times)

Quote from: neonshium on June 24, 2016, 10:09:29 AM

Quote from: Bestwishes745 on June 25, 2016, 07:38:38 AM

i have no idea about this but i think being currency like other currencies. they may be used for both good and bad activities,

You are right though I think bitcoins are not used much for illegal activities. Bitcoins has made more of positive impact then negative so lets not think about the darker side and enjoy using bitcoins.

No sir sorry to say btc is mainly used for worse things then better things because none of you here can say you have not invested in a company or even rolled a single dice at a casino... Most of those things are illegal in MOST countries.

You know now if you want to stop you can but it is difficult.

Bitcoin can be used for legal and illegal activity and same is the case with US dollars or any other currency. Its the human usage which makes the currency being used for good or bad purpose.

Hohenn

newbie

Activity: 32

Merit: 0

Quote from: neonshium on June 24, 2016, 10:09:29 AM

Quote from: aso118 on June 25, 2016, 11:30:51 PM

i have no idea about this but i think being currency like other currencies. they may be used for both good and bad activities,

You are right though I think bitcoins are not used much for illegal activities. Bitcoins has made more of positive impact then negative so lets not think about the darker side and enjoy using bitcoins.

No sir sorry to say btc is mainly used for worse things then better things because none of you here can say you have not invested in a company or even rolled a single dice at a casino... Most of those things are illegal in MOST countries.

You know now if you want to stop you can but it is difficult.

Not everyone has adopted bitcoin for its usage in the illegal activities and for the usage in casinos, but people want to earn online and for that they adopt bitcoin as the opportunities of earning in bitcoin is more.

This is like saying USD should be banned because it is used for human trafficking and illegal substances. Bitcoin is a currency, the fact that it is decentralized means that a lot of people might find it suitable for criminal activities, but this isn't anything new. It has happened since the popularisation of Bitcoin.

Cyaren

sr. member

Activity: 294

Merit: 250

Quote from: hermanhs09 on June 25, 2016, 03:19:54 PM

Quote from: Bitcotalk on June 25, 2016, 07:42:55 AM

yes you are right, it is the problem with people that how they use bitcoin, bitcoin is only a currency and with that good people do good activities while those people who have black mind do wrongs with that.

Black mind? That sounds a little racist lol im not sure that's what you meant or anything but BTC is used for illegal activities and the best we can do to stop it is just to stay away from it ourselves and make sure our friends dont do it.

You have to look at the bright side of btc sometimes and the brightside is we're making bank off of something online.

If black mind is racist, so is black market or black sheep.
Bitcoin being used for illegal activities does no harm to it, except in the minds of people who don't realize it is just a tool.
Technology enables good guys as well as bad guys.

No i dont think that black mind is racist at all but i think the fact that he used black over any other word i do think is sort of racist in their own way, he honestly could have said dark mind or corrupt mind , but no he chose to say "Black" mind. I really dont understand why

aso118

legendary

Activity: 1918

Merit: 1012

★Nitrogensports.eu★

Quote from: hermanhs09 on June 25, 2016, 03:19:54 PM

Quote from: Bitcotalk on June 25, 2016, 07:42:55 AM

yes you are right, it is the problem with people that how they use bitcoin, bitcoin is only a currency and with that good people do good activities while those people who have black mind do wrongs with that.

Black mind? That sounds a little racist lol im not sure that's what you meant or anything but BTC is used for illegal activities and the best we can do to stop it is just to stay away from it ourselves and make sure our friends dont do it.

You have to look at the bright side of btc sometimes and the brightside is we're making bank off of something online.

If black mind is racist, so is black market or black sheep.
Bitcoin being used for illegal activities does no harm to it, except in the minds of people who don't realize it is just a tool.
Technology enables good guys as well as bad guys.

Cyaren

sr. member

Activity: 294

Merit: 250

Quote from: hermanhs09 on June 25, 2016, 03:19:54 PM

Quote from: Bitcotalk on June 25, 2016, 07:42:55 AM

Quote from: BlueStackz on June 25, 2016, 05:08:46 AM

Quote from: chineseprancing on June 21, 2016, 09:41:56 PM

Quote from: bitcoin110011 on February 06, 2016, 07:11:09 AM

I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering

I know some illegal activities that includes bitcoins, Like in darkweb. They are using bitcoin as their payments to the bought drugs, guns, or something illegal their

There will always be those who would find ways to obtain what they want. It is just that they found out that bitcoin is another instrument that can be used to anonymously purchase stuff that are considered illegal. The same goes with the fiat. So it is not only bitcoin that's being used for shady activities and transactions.

Everything in this world has some advantages as well as some disadvantages. It might noot be only bitcoin by which people does the illegal work. Might be some people use it for illegal work but we can not negalate the advantages of bitcoins.

yes you are right, it is the problem with people that how they use bitcoin, bitcoin is only a currency and with that good people do good activities while those people who have black mind do wrongs with that.

Black mind? That sounds a little racist lol im not sure that's what you meant or anything but BTC is used for illegal activities and the best we can do to stop it is just to stay away from it ourselves and make sure our friends dont do it.

You have to look at the bright side of btc sometimes and the brightside is we're making bank off of something online.

Well "sometimes" is not always and it is very hard for a lot of the people here to make "bank" if you know what i mean a lot of the users on here dont even spend enough time to make a dime daily, i know that's their fault but honestly it's just a waste of time to think about making bank off of crypto currencies from just pennies and dimes alone because that isnt enough to invest or gamble or do anything with.

hermanhs09

hero member

Activity: 574

Merit: 500

Quote from: Bitcotalk on June 25, 2016, 07:42:55 AM

Quote from: BlueStackz on June 25, 2016, 05:08:46 AM

Quote from: chineseprancing on June 21, 2016, 09:41:56 PM

Quote from: bitcoin110011 on February 06, 2016, 07:11:09 AM

I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering

I know some illegal activities that includes bitcoins, Like in darkweb. They are using bitcoin as their payments to the bought drugs, guns, or something illegal their

There will always be those who would find ways to obtain what they want. It is just that they found out that bitcoin is another instrument that can be used to anonymously purchase stuff that are considered illegal. The same goes with the fiat. So it is not only bitcoin that's being used for shady activities and transactions.

Everything in this world has some advantages as well as some disadvantages. It might noot be only bitcoin by which people does the illegal work. Might be some people use it for illegal work but we can not negalate the advantages of bitcoins.

yes you are right, it is the problem with people that how they use bitcoin, bitcoin is only a currency and with that good people do good activities while those people who have black mind do wrongs with that.

Black mind? That sounds a little racist lol im not sure that's what you meant or anything but BTC is used for illegal activities and the best we can do to stop it is just to stay away from it ourselves and make sure our friends dont do it.

You have to look at the bright side of btc sometimes and the brightside is we're making bank off of something online.

Bitcotalk

hero member

Activity: 966

Merit: 517

Quote from: BlueStackz on June 25, 2016, 05:08:46 AM

Quote from: chineseprancing on June 21, 2016, 09:41:56 PM

Quote from: bitcoin110011 on February 06, 2016, 07:11:09 AM

I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering

I know some illegal activities that includes bitcoins, Like in darkweb. They are using bitcoin as their payments to the bought drugs, guns, or something illegal their

There will always be those who would find ways to obtain what they want. It is just that they found out that bitcoin is another instrument that can be used to anonymously purchase stuff that are considered illegal. The same goes with the fiat. So it is not only bitcoin that's being used for shady activities and transactions.

Everything in this world has some advantages as well as some disadvantages. It might noot be only bitcoin by which people does the illegal work. Might be some people use it for illegal work but we can not negalate the advantages of bitcoins.

yes you are right, it is the problem with people that how they use bitcoin, bitcoin is only a currency and with that good people do good activities while those people who have black mind do wrongs with that.

Bestwishes745

hero member

Activity: 644

Merit: 500

Quote from: neonshium on June 24, 2016, 10:09:29 AM

Quote from: bitcoin110011 on February 06, 2016, 07:11:09 AM

i have no idea about this but i think being currency like other currencies. they may be used for both good and bad activities,

You are right though I think bitcoins are not used much for illegal activities. Bitcoins has made more of positive impact then negative so lets not think about the darker side and enjoy using bitcoins.

No sir sorry to say btc is mainly used for worse things then better things because none of you here can say you have not invested in a company or even rolled a single dice at a casino... Most of those things are illegal in MOST countries.

You know now if you want to stop you can but it is difficult.

Not everyone has adopted bitcoin for its usage in the illegal activities and for the usage in casinos, but people want to earn online and for that they adopt bitcoin as the opportunities of earning in bitcoin is more.

ning_chang

full member

Activity: 210

Merit: 100

I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering

yes there are other bitcoin used to illegally earner. not avoid such happenings. so it is possible to band the bitcoin.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

Quote from: BitcoinPC on June 25, 2016, 05:53:46 AM

Quote from: neonshium on June 24, 2016, 10:09:29 AM

i have no idea about this but i think being currency like other currencies. they may be used for both good and bad activities,

You are right though I think bitcoins are not used much for illegal activities. Bitcoins has made more of positive impact then negative so lets not think about the darker side and enjoy using bitcoins.

No sir sorry to say btc is mainly used for worse things then better things because none of you here can say you have not invested in a company or even rolled a single dice at a casino... Most of those things are illegal in MOST countries.

You know now if you want to stop you can but it is difficult.

I do not agree that bitcoin is illegal and should be stopped. I think the problem is that people use bitcoins for illegal activities and bitcoins has feature which supports them. But then again bitcoin has features which can be used for good like donation to charitable institutions without disclosing the identity etc. Its the Usage which is good or bad and not the Currency itself.

Yeah your are right the things that make bitcoin bad is those people who use it for doing some illegal transactions especially on dark net like buying illegal drugs,items and other stuff that we may consider as a illegal. We also know that almost currency in the world is being used on both making good and bad transactions. So we can not avoid for currencies to have a bad image Sad

.

BitcoinPC

hero member

Activity: 812

Merit: 500

Quote from: neonshium on June 24, 2016, 10:09:29 AM

i have no idea about this but i think being currency like other currencies. they may be used for both good and bad activities,

You are right though I think bitcoins are not used much for illegal activities. Bitcoins has made more of positive impact then negative so lets not think about the darker side and enjoy using bitcoins.

No sir sorry to say btc is mainly used for worse things then better things because none of you here can say you have not invested in a company or even rolled a single dice at a casino... Most of those things are illegal in MOST countries.

You know now if you want to stop you can but it is difficult.

I do not agree that bitcoin is illegal and should be stopped. I think the problem is that people use bitcoins for illegal activities and bitcoins has feature which supports them. But then again bitcoin has features which can be used for good like donation to charitable institutions without disclosing the identity etc. Its the Usage which is good or bad and not the Currency itself.

BlueStackz

legendary

Activity: 1204

Merit: 1028

Quote from: chineseprancing on June 21, 2016, 09:41:56 PM

Quote from: bitcoin110011 on February 06, 2016, 07:11:09 AM

I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering

I know some illegal activities that includes bitcoins, Like in darkweb. They are using bitcoin as their payments to the bought drugs, guns, or something illegal their

There will always be those who would find ways to obtain what they want. It is just that they found out that bitcoin is another instrument that can be used to anonymously purchase stuff that are considered illegal. The same goes with the fiat. So it is not only bitcoin that's being used for shady activities and transactions.

Everything in this world has some advantages as well as some disadvantages. It might noot be only bitcoin by which people does the illegal work. Might be some people use it for illegal work but we can not negalate the advantages of bitcoins.

Cyaren

sr. member

Activity: 294

Merit: 250

Quote from: neonshium on June 24, 2016, 10:09:29 AM

i have no idea about this but i think being currency like other currencies. they may be used for both good and bad activities,

You are right though I think bitcoins are not used much for illegal activities. Bitcoins has made more of positive impact then negative so lets not think about the darker side and enjoy using bitcoins.

No sir sorry to say btc is mainly used for worse things then better things because none of you here can say you have not invested in a company or even rolled a single dice at a casino... Most of those things are illegal in MOST countries.

You know now if you want to stop you can but it is difficult.

neonshium

hero member

Activity: 1134

Merit: 515

Quote from: BeGoods on June 24, 2016, 07:27:36 AM

i have no idea about this but i think being currency like other currencies. they may be used for both good and bad activities,

You are right though I think bitcoins are not used much for illegal activities. Bitcoins has made more of positive impact then negative so lets not think about the darker side and enjoy using bitcoins.

hermanhs09

hero member

Activity: 574

Merit: 500

Quote from: Sled on June 21, 2016, 02:27:46 AM

Quote from: Endikadija on June 17, 2016, 09:27:48 AM

Yeap. I heard in the news that criminals are using btc to send money across the globe and no one asks them from where did these money camed from. Also they pay low fees to send them :p

Yeah they are taking advantage of being anonymous of bitcoin so they use it to transact from selling drugs, firearms or other stuff. I think it's natural because many currency is also been used either for legal and illegal activities we can't disagree with that.

I think if you heard the news about it. where someone is using bitcoin to finance the activities of a criminal organization ilegla. it is bulshit ! anyone would not know the owner of the bitcoin address. So even if the bitcoin transactions are transparent. people will not know that bitcoin address where pr who to send money.

Yeah but in the end it's not hurting us if you look at it, it is scary to know the man next door could have a AK-47 ready at any time to go for a crazy attack but you also have to think about what already happens with just regular money.

BeGoods

legendary

Activity: 1372

Merit: 1008

Quote from: Sled on June 21, 2016, 02:27:46 AM

Quote from: Endikadija on June 17, 2016, 09:27:48 AM

Yeap. I heard in the news that criminals are using btc to send money across the globe and no one asks them from where did these money camed from. Also they pay low fees to send them :p

Yeah they are taking advantage of being anonymous of bitcoin so they use it to transact from selling drugs, firearms or other stuff. I think it's natural because many currency is also been used either for legal and illegal activities we can't disagree with that.

I think if you heard the news about it. where someone is using bitcoin to finance the activities of a criminal organization ilegla. it is bulshit ! anyone would not know the owner of the bitcoin address. So even if the bitcoin transactions are transparent. people will not know that bitcoin address where pr who to send money.

serjent05

legendary

Activity: 3052

Merit: 1281

Get $2100 deposit bonuses & 60 FS

As the article https://blog.hitbtc.com/is-bitcoin-used-for-illegal-activities/ stated:

Code:

Previous research has pointed to the three key reasons people might be using Bitcoin: curiosity, profit making and politics. 
Based on these observations, the researchers created four potential user groups for the cryptocurrency: tech enthusiasts, investors,
 anti-establishment types, who might want an alternative to mainstream banking, and criminals.
 http://www.wired.co.uk/news/archive/2015-08/03/bitcoin-users-criminals-computer-programmers-study

This three contriibute to Bitcoin Value, the first two to positive effect and the last one can temporary increase BTC value but will severely damage the bitcoin reputation. It was been proven and we saw that several country put a strict regulation to banning bitcoin just to nullify it's exploit effect to their country.

prtty2gal2

hero member

Activity: 1092

Merit: 523